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Carter Bankshares, Inc is a banks-regional business based in the US. Carter Bankshares shares (CARE) are listed on the NASDAQ and all prices are listed in US Dollars.
|52-week range||USD$6.3 - USD$18.49|
|50-day moving average||USD$11.1064|
|200-day moving average||USD$8.7591|
|Wall St. target price||USD$13.33|
|Dividend yield||USD$0 (0%)|
|Earnings per share (TTM)||USD$0.762|
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Valuing Carter Bankshares stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Carter Bankshares's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Carter Bankshares's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 9x. In other words, Carter Bankshares shares trade at around 9x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
|Revenue TTM||USD$112.5 million|
|Operating margin TTM||19.12%|
|Gross profit TTM||USD$112.5 million|
|Return on assets TTM||-1.12%|
|Return on equity TTM||-10.04%|
|Market capitalisation||USD$319 million|
TTM: trailing 12 months
There are currently 237,341 Carter Bankshares shares held short by investors – that's known as Carter Bankshares's "short interest". This figure is 9.4% up from 216,860 last month.
There are a few different ways that this level of interest in shorting Carter Bankshares shares can be evaluated.
Carter Bankshares's "short interest ratio" (SIR) is the quantity of Carter Bankshares shares currently shorted divided by the average quantity of Carter Bankshares shares traded daily (recently around 53096.420581655). Carter Bankshares's SIR currently stands at 4.47. In other words for every 100,000 Carter Bankshares shares traded daily on the market, roughly 4470 shares are currently held short.
However Carter Bankshares's short interest can also be evaluated against the total number of Carter Bankshares shares, or, against the total number of tradable Carter Bankshares shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Carter Bankshares's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Carter Bankshares shares in existence, roughly 10 shares are currently held short) or 0.0096% of the tradable shares (for every 100,000 tradable Carter Bankshares shares, roughly 10 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Carter Bankshares.
Find out more about how you can short Carter Bankshares stock.
We're not expecting Carter Bankshares to pay a dividend over the next 12 months.
Over the last 12 months, Carter Bankshares's shares have ranged in value from as little as $6.3 up to $18.49. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Carter Bankshares's is 1.3837. This would suggest that Carter Bankshares's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Carter Bankshares, Inc. operates as the bank holding company for Carter Bank & Trust that provides various banking products and services. It accepts various deposit products, including checking, savings, retirement, and money market accounts, as well as longer-term certificates of deposits. The company also offers commercial loans comprising secured and unsecured loans; consumer loans, such as secured and unsecured loans for financing automobiles, home improvements, education, and personal investment; real estate construction and acquisition loans; and home equity lines of credit, as well as originates and holds fixed and variable rate mortgage loans. In addition, it provides other banking services that include safe deposit boxes, direct deposit of payroll and social security checks, online banking, bill pay, mobile banking, debit cards, e-statements, and automated drafts for various accounts; insurance products; and treasury services. As of November 23, 2020, the company had 92 branches in Virginia and North Carolina. The company was founded in 1974 and is headquartered in Martinsville, Virginia.
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